Lynda Tait Ministries Inc

Analysis

Lynda Tait Ministries Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lynda Tait Ministries Inc reported income of $550k and spending of $577k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $550k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynda Tait Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within MO. Charities of a similar size with the same main cause include St Johns Lutheran Hospital Foundation Inc ($550k), Bridges to Community Inc ($550k) and International Council for Helplines ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $40k (6.9% of expenses). Other salaries and wages came to $62k. At year end it held assets of $193k against liabilities of $270k, net assets of -$77k. It reported 1 employees.